506 Adelaide Street W Toronto, Ontario M5V 1T5
$2,100,000
Mixed-use investment opportunity in Toronto's King West/Fashion District. The main floor and basement provide retail commercial space, with one residential unit on each of the second and third floors. Both residential units have been recently updated; the second-floor unit is expected to be vacant by November 30. Annual income is approximately $141,000, providing strong holding income and a reported cap rate above 5%. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future redevelopment or adaptive reuse, subject to heritage requirements and municipal approvals. Buyer to verify all income, expenses, tenancies, heritage matters and development potential. One year FREE Property Management included, Ask LA for details (id:50787)
Property Details
| MLS® Number | C13832474 |
| Property Type | Retail |
| Community Name | Waterfront Communities C1 |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,518 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 85 Ft |
| Size Frontage | 16 Ft ,5 In |
| Size Irregular | 16.45 X 85 Ft |
| Size Total Text | 16.45 X 85 Ft |
| Zoning Description | Cre (x76) |
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September 27 2026 04:25:24
Toronto Regional Real Estate Board
Harvey Kalles Real Estate Ltd.